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Feb 22, 2013
02/13
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the u.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, and will it continue? erika miller reports. >> reporter: selling was heavy in crude oil today, as it was in most commodities. but crude also fell on new inventory data showing a big jump in oil supplies. >> today we had an inventory number which came out, which we were expecting a build of around two million barrels. we got a build of around four million barrels. >> reporter: across the room, gold futures were little changed. although industrial metals like platinum and palladium got slammed. grain prices also plunged, with whe
the u.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, and will it...
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Feb 16, 2013
02/13
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investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to something. >> international investing has had a bad reputation over the last couple of years had a bad experience, p
investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >>...
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Feb 9, 2013
02/13
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the u.s. trade gap narrows as the world buys more made in america products and the u.s. buys less foreign oil. >> susie: and with gas prices rising, chevy hopes its new diesel chevy cruze will attract buyers looking for more miles per gallon. >> tom: that and more tonight on "n.b.r." >> susie: millions of people are bracing tonight for a powerful snow storm that could cripple the east coast. some forecasters say this could be the blizzard of the century with record amounts of snow and extremely strong winds. in parts of the northeast, transportation was shut down. the governors of massachusetts and connecticut declared a state of emergency and banned car travel, train service and cancelled flights in and out of boston. while the worst of the storm has yet to hit, many businesses and cities were busy making preparations today. erika miller reports. >> reporter: this monstrous storm is already being compared to the great blizzard of '78, when vast amounts of snow blanketed the ohio valley and the great lakes. that storm lasted 36 hours, leaving cars stranded. this storm co
the u.s. trade gap narrows as the world buys more made in america products and the u.s. buys less foreign oil. >> susie: and with gas prices rising, chevy hopes its new diesel chevy cruze will attract buyers looking for more miles per gallon. >> tom: that and more tonight on "n.b.r." >> susie: millions of people are bracing tonight for a powerful snow storm that could cripple the east coast. some forecasters say this could be the blizzard of the century with record...
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Feb 14, 2013
02/13
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and we'll get a check-up on the health of the u.s. job market, with the latest employment numbers. >> susie: when it comes to starting a business, successful entrepreneurs often take a "fake it 'til you make it" attitude. here to explain, eric schurenberg, editor-in-chief at inc magazine. >> at inc. we love to tell the stories of entrepreneurs who land their first big job by making their start-up look bigger than it is. bobbi brown, who built a make-up empire out of nothing, got her first sale at bergdorfs by letting the buyers there think she had a deal with crosstown rival saks. she didn't have any such thing, really, but the hint of competition sealed the deal. its not bluffing, brown later rationalized to inc., it's thinking on your feet. well, whatever you call it: thinking on your feet, creative embellishment, fake it 'til you make it-you love it when its done by scrappy entrepreneurs. now compare that to what you read about faking it by big companies-just to pick one from the news, standard & poors. analysts there rated junk mo
and we'll get a check-up on the health of the u.s. job market, with the latest employment numbers. >> susie: when it comes to starting a business, successful entrepreneurs often take a "fake it 'til you make it" attitude. here to explain, eric schurenberg, editor-in-chief at inc magazine. >> at inc. we love to tell the stories of entrepreneurs who land their first big job by making their start-up look bigger than it is. bobbi brown, who built a make-up empire out of...
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Feb 23, 2013
02/13
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what gives you confidence in u.s. housing? >> tom, there's a couple factors that we like about u.s. housing. first is that there's still a fair amount of pent-up demand for housing. housing starts are running at levels still below normal. normally we'd see about 1.5 million starts. we're at 900,000. plus interest rates are very low making affordability high. we think the combination of pent-up demand and affordability will help propel the housing market. >> tom: what about over in china with the consumer there who is kind of been pushed and pulled between stim lutz and pulling back the stimulus from beijing? >> that is an area that we do like. besides the long-term secular growth of rising wealth in china, we also now have a new leadership in place in china and that's given more confidence to the chinese consumer, and we think we're going to see continued growth in that parent of the global economy. >> tom: you've described this as a barbell approach. on one end the united states, on the other end you like china. that's leading you to technology. xlk is the ticker symbol. why do you
what gives you confidence in u.s. housing? >> tom, there's a couple factors that we like about u.s. housing. first is that there's still a fair amount of pent-up demand for housing. housing starts are running at levels still below normal. normally we'd see about 1.5 million starts. we're at 900,000. plus interest rates are very low making affordability high. we think the combination of pent-up demand and affordability will help propel the housing market. >> tom: what about over in...
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Feb 8, 2013
02/13
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., regions of the u.s. are likely to grow more rapedly as a result of manufacturing coming home. and the types of products that can be built there. >> tom: so much of that manufacturing went overseas for lower production cost. if it comes back to the u.s., can it still hold the line and maintain margins and profitability? >> well, i think there's enough inflation going on in some segments of the lower value added manufacturing overseas that companies are seriously looking at the drivers of their cost. and what they are finding is that the inefficiencies of distance, communication, language and-- are just really too high as this point. and that the differentials on wages and materials costs have come down to the point that it makes much more sense particularly for company that has to develop products quickly, get them to market quickly, to do them here at home. >> one of those advantaged manufacturers you do like in the scenario is united technologies makes carrier air conditions, aches otis elevator, pratt
., regions of the u.s. are likely to grow more rapedly as a result of manufacturing coming home. and the types of products that can be built there. >> tom: so much of that manufacturing went overseas for lower production cost. if it comes back to the u.s., can it still hold the line and maintain margins and profitability? >> well, i think there's enough inflation going on in some segments of the lower value added manufacturing overseas that companies are seriously looking at the...
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Feb 13, 2013
02/13
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u.s. economy and profits for this year. on top of that, financial conditions in the eurozone are still a threat to u.s. stocks. >> with the market at current levels, which... basically looks like they're priced for perfection, there doesn't leave a lot of room for any disappointing news. and there are a lot of areas that could create disappointing news. >> reporter: weissberg says many market pros believe stocks are headed higher, but they need a catalyst, and that's unlikely to come from tonight's state of the union. suzanne pratt, "n.b.r.," new york. >> susie: still ahead, why ailing smartphone maker blackberry is hoping the sports market will help it on its road to recovery. we'll explain in tonight's "beyond the scoreboard." a "silly sideshow--" that's what apple c.e.o. tim cook called a recent lawsuit filed by hedge fund manager david einhorn. speaking at a goldman sachs technology conference today, cook also said apple is considering einhorn's proposal to issue preferred stock and re
u.s. economy and profits for this year. on top of that, financial conditions in the eurozone are still a threat to u.s. stocks. >> with the market at current levels, which... basically looks like they're priced for perfection, there doesn't leave a lot of room for any disappointing news. and there are a lot of areas that could create disappointing news. >> reporter: weissberg says many market pros believe stocks are headed higher, but they need a catalyst, and that's unlikely to...
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Feb 27, 2013
02/13
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hope the fed would continue its easy efforts to stimulate the economy had u.s. markets seeing green. the dow gained 116, the nasdaq is up 13, and the s&p rose nine. washington bureau chief darren gersh has details on the fed chairman's strong defense of his aggressive policy to support the economy. >> reporter: sure, there are risks when the federal reserve is buying almost $3 billion worth of bonds every day. but chairman ben bernanke told congress basically, "we got this." >> although a long period of low rates could encourage excessive risk taking, and continued close attention to such developments is certainly warranted, to this point, we do not see potential costs to the increased risk- taking in some financial markets is outweighing the benefits of promoting a stronger economic recovery and more rapid job creation. >> reporter: with unemployment stuck around 8% and inflation subdued at 1.5%, there are no economic red lights flashing. so bernanke gave no signals he was ready to change course or back away from his aggressive program to get the economy back t
hope the fed would continue its easy efforts to stimulate the economy had u.s. markets seeing green. the dow gained 116, the nasdaq is up 13, and the s&p rose nine. washington bureau chief darren gersh has details on the fed chairman's strong defense of his aggressive policy to support the economy. >> reporter: sure, there are risks when the federal reserve is buying almost $3 billion worth of bonds every day. but chairman ben bernanke told congress basically, "we got this."...
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Feb 21, 2013
02/13
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but its not alone, we look at job creation in the u.s. auto industry. >> tom: finally, "neither snow, >> tom: that's "nightly business report" for wednesday, february 20. have a great evening everyone, and you too susie. >> susie: goodnight tom, thanks for watching everyone, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
but its not alone, we look at job creation in the u.s. auto industry. >> tom: finally, "neither snow, >> tom: that's "nightly business report" for wednesday, february 20. have a great evening everyone, and you too susie. >> susie: goodnight tom, thanks for watching everyone, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com....
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Feb 20, 2013
02/13
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from the american airlines-u.s. airways deal to warren buffet's ketchup acquisition, multibillion-dollar marriages are fast and furious. there's even an office romance brewing between office depot and office max. all the pairing can be good for shareholders of the acquired firms, not to mention investment bankers, but what does it mean for the broader stock market? floor broker doreen mogavero says it's definitely a vote of confidence for the stock market, but she worries about long-term ramifications for the economy. >> i'm not so sure how much consolidation is actually good because that to me actually means job losses at the administrative level, factory level and even c.e.o. level. so-- i'm not that worried about the c.e.o.s, but still. >> reporter: this year, as m&a activity heats up, stocks have resisted a much talked about correction. the dow, s&p 500 and nasdaq are all up a healthy amount. investment pro sam stovall says if the majority of deals are cash, as many have been in 2013, it suggests the m&a cycle i
from the american airlines-u.s. airways deal to warren buffet's ketchup acquisition, multibillion-dollar marriages are fast and furious. there's even an office romance brewing between office depot and office max. all the pairing can be good for shareholders of the acquired firms, not to mention investment bankers, but what does it mean for the broader stock market? floor broker doreen mogavero says it's definitely a vote of confidence for the stock market, but she worries about long-term...